Switch (SWCH) Stock Price

Switch Price

Delisted·Dec 6, 2022
34.25USD
Last traded price

Revenue has compounded at 17.2% per year over the past 8 years to 592.05 M USD. Earnings per share have declined at 16.3% per year over the last 8 years. Switch's net margin stands at 0.9%, up from -4.0% several years earlier. Switch currently offers a dividend yield of about 0.60%. The payout ratio is around 526% of earnings. The dividend has grown at 95.6% per year over the past 4 years. Analysts set a median price target of 34.94 USD, implying 2.0% above the current price. Of 19 analysts, 8 rate the stock a buy — an overall Hold consensus.

Switch stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Switch over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Switch stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Switch's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Switch Stock Price History
DateSwitch Price
Access this data via the Eulerpool API

Switch Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
462.30 M USD
76.90 M USD
8.90 M USD
Jan 1, 2020
511.50 M USD
95.40 M USD
15.50 M USD
Jan 1, 2021
592.05 M USD
104.48 M USD
5.41 M USD
Jan 1, 2022 (e)
687.13 M USD
110.72 M USD
0.00 USD
Jan 1, 2023 (e)
764.35 M USD
138.00 M USD
78.94 M USD
Jan 1, 2024 (e)
867.30 M USD
167.69 M USD
36.78 M USD
Jan 1, 2025 (e)
913.32 M USD
192.85 M USD
14.47 M USD
Jan 1, 2026 (e)
933.63 M USD
209.54 M USD
5.81 M USD

Switch Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 21, 2026, 1:18 PM
 
REVENUEM USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
DIV.USD
SHARESM
2013201420152016201720182019202020212022e2023e2024e2025e2026e
166.00207.00265.00318.00378.00405.00462.00511.00592.00687.00764.00867.00913.00933.00
24.7028.0220.0018.877.1414.0710.6115.8516.0511.2113.485.312.19
51.2047.3446.7946.8647.6244.6947.4045.4042.5742.5742.5742.5742.5742.57
85.0098.00124.00149.00180.00181.00219.00232.00252.00292.44325.22369.06388.64397.16
46.0062.0079.0051.0018.0054.0076.0095.00104.00110.00138.00167.00192.00209.00
27.7129.9529.8116.044.7613.3316.4518.5917.5716.0118.0619.2621.0322.40
39.0056.0073.0031.00-15.004.008.0015.005.0078.0036.0014.005.00
43.5930.36-57.53-148.39-126.67100.0087.50-66.67-53.85-61.11-64.29
0.210.210.21
247.1031.3031.3031.3035.9045.80246.30243.50138.70138.70138.70138.70138.70138.70
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Switch generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Switch retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Switch's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Switch has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Switch's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Switch stock margins

The Switch margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Switch. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Switch.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2017
47.58 %
5.00 %
-4.02 %
Jan 1, 2018
44.69 %
13.48 %
1.01 %
Jan 1, 2019
47.50 %
16.63 %
1.93 %
Jan 1, 2020
45.38 %
18.65 %
3.03 %
Jan 1, 2021
42.63 %
17.65 %
0.91 %
Jan 1, 2022 (e)
42.63 %
16.11 %
0.00 %
Jan 1, 2023 (e)
42.63 %
18.05 %
10.33 %
Jan 1, 2024 (e)
42.63 %
19.33 %
4.24 %

Switch Stock Revenue, EBIT, Earnings per Share

The Switch earnings per share therefore indicates how much revenue Switch has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2017
10.54 USD
0.53 USD
-0.42 USD
Jan 1, 2018
8.86 USD
1.19 USD
0.09 USD
Jan 1, 2019
1.88 USD
0.31 USD
0.04 USD
Jan 1, 2020
2.10 USD
0.39 USD
0.06 USD
Jan 1, 2021
4.27 USD
0.75 USD
0.04 USD
Jan 1, 2022 (e)
4.95 USD
0.80 USD
0.00 USD
Jan 1, 2023 (e)
5.51 USD
0.99 USD
0.57 USD
Jan 1, 2024 (e)
6.25 USD
1.21 USD
0.27 USD

Switch business model & stock analysis

Switch Inc is a leading technology company specializing in the development and operation of data centers. Founded by Rob Roy in Las Vegas, USA in 2000, the company has evolved into a leading provider of colocation and cloud services and is listed on the New York Stock Exchange. Switch operates modular data centers that offer high availability, scalability, and energy efficiency. The company has implemented advanced technologies such as cooling distribution systems and the use of renewable energy to make its data centers among the most energy-efficient in the world. Switch offers various services including data center operations, colocation services, cloud services, internet of things (IoT), and data analytics services. The colocation services involve allowing customers to place their own servers in Switch's data centers and include server management, network connectivity, data security, and customer support. Some of Switch's colocation customers include eBay, Intel, and Google. The company also provides cloud services, allowing customers to store and process applications and data in the cloud with flexible and scalable resources. Switch's cloud services cater to different target markets, from small startups to large enterprises. In addition, Switch offers IoT services focused on connecting machines and devices in industries and the public sector, providing IoT connectivity services to monitor and improve device performance. The company also has a data analytics division that collects and analyzes data from various sources to provide valuable insights for its customers' businesses. Aside from services, Switch offers hardware products such as switches, racks, and servers optimized for use in their data centers, delivering high performance and reliability. To strengthen its position as an industry leader, Switch has also invested in expanding its global network with data centers in multiple countries, including the USA, Canada, and Italy. The company plans to open more data centers in Europe and Asia. In summary, Switch holds a unique position in the data center and cloud services industry with its innovative business model and a wide range of services and products. The company is focused on continuing its growth and expansion strategy for even greater success.

Switch SWOT Analysis

Strengths

Switch Inc possesses several strengths that contribute to its success in the market. These include:

  • Advanced data center infrastructure technology
  • Highly reliable and efficient operations
  • Scalable and flexible solutions for clients
  • Strong brand reputation and customer loyalty

Weaknesses

Despite its strengths, Switch Inc also faces certain weaknesses which may hinder its growth and competitiveness. These weaknesses include:

  • Dependence on a limited geographic presence
  • Relatively high costs compared to competitors
  • Dependency on key suppliers for critical infrastructure components

Opportunities

Switch Inc can leverage several opportunities in the market to further enhance its position and profitability, including:

  • Increasing demand for cloud computing and data storage solutions
  • Expansion into new geographical markets
  • Growing partnerships and collaborations with technology companies
  • Offering eco-friendly and sustainable data center solutions

Threats

Alongside opportunities, Switch Inc also faces certain threats which could disrupt its operations and growth prospects, including:

  • Rapidly evolving technology leading to obsolescence
  • Intense competition from established and emerging players
  • Potential cybersecurity breaches and data privacy concerns
  • Changing regulatory environment impacting operations and compliance

Switch Segments

Switch Revenue by Segment (1/2)

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  • Max

Colocation
Connectivity
Other
Details
Date
Colocation
Connectivity
Other
Jan 1, 2017
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2020
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
476.22 M USD
105.79 M USD
10.04 M USD

Switch Revenue by Segment (2/2)

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  • Max

Colocation
Connectivity
Other
Details
Date
Colocation
Connectivity
Other
Jan 1, 2017
304.72 M USD
67.69 M USD
5.87 M USD
Jan 1, 2018
324.21 M USD
74.01 M USD
7.65 M USD
Jan 1, 2019
370.68 M USD
85.01 M USD
6.62 M USD
Jan 1, 2020
413.79 M USD
91.89 M USD
5.87 M USD
Jan 1, 2021
0.00 USD
0.00 USD
0.00 USD

Switch Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Switch historical P/E ratio, EBIT multiple, and P/S ratio

Switch annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Switch shares outstanding

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2017
35.90 M Stocks
Jan 1, 2018
45.80 M Stocks
Jan 1, 2019
246.30 M Stocks
Jan 1, 2020
243.50 M Stocks
Jan 1, 2021
138.70 M Stocks
Jan 1, 2022 (e)
138.70 M Stocks
Jan 1, 2023 (e)
138.70 M Stocks
Jan 1, 2024 (e)
138.70 M Stocks

Switch Dividend History

6 years of dividend payments · 5 consecutive increases

YearAnnual DividendYoY ChangePayments
20220.21USD 2.2%
20210.21USD 29.1%
20200.16USD 35.0%
20190.12USD 100.0%
20180.06USD 320.0%
20170.01USD

Switch dividend payout ratio

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2017
-3.18 %
Jan 1, 2018
65.33 %
Jan 1, 2019
392.00 %
Jan 1, 2020
264.67 %
Jan 1, 2021
525.64 %
Jan 1, 2022 (e)
394.10 %
Jan 1, 2023 (e)
36.81 %
Jan 1, 2024 (e)
79.00 %

Current Switch forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy42.11 % (8)
Hold57.89 % (11)
Sell0.00 % (0)
12M Price Target
34.94
Last Price
34.25
Currency
USD
12M Return Potential
2.00 %
LTM Return
0 %

Switch Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
8/7/20230.29USD187.08 MUSD2023 Q2
5/8/20230.34USD181.88 MUSD2023 Q1
2/22/20230.04USD174.51 MUSD2022 Q4
11/9/20220.11USD172.56 MUSD2022 Q3
8/8/20220.06USD169.02 MUSD2022 Q2
5/10/20220.06USD166.09 MUSD2022 Q1
2/24/20220.04USD164.81 MUSD2021 Q4
11/4/20210.04USD162.18 MUSD2021 Q3
8/5/20210.05USD137.23 MUSD2021 Q2
5/10/20210.05USD130.97 MUSD2021 Q1

Switch shareholder structure

% Name
8.60941%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
8.14140%
City National Rochdale, LLC
City National Rochdale, LLC
5.21705%
Borden (Michael David)
Borden (Michael David)
4.70443%
Pentwater Capital Management LP
Pentwater Capital Management LP
4.17090%
Elliott Management Corporation
Elliott Management Corporation
3.82608%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
...

Switch Executives and Management Board

RR

Mr. Rob Roy

(52)

Chairman of the Board, Chief Executive Officer, Founder · since 2003

Compensation8.76 M USD
JK

Mr. Jonathan King

(50)

Chief Revenue Officer

Compensation5.34 M USD
TM

Mr. Thomas Morton

(53)

President, Chief Legal Officer and Secretary

Compensation4.99 M USD
GN

Mr. Gabe Nacht

(60)

Chief Financial Officer

Compensation2.34 M USD
MY

Ms. Melissa Young

(50)

Chief Information Officer

Compensation921,051.00 USD

Switch Supply Chain

Switch Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Name1M3M6M1Y2YTrend
1
Bharti Airtel
-0.74
0.31
0.23
0.73
0.89
2
-0.43
0.46
0.65
0.41
0.82
3
0.03
0.74
0.83
0.81
0.79
4
-0.60
-0.43
-0.47
0.14
0.79
5
-0.61
-0.45
-0.32
0.02
0.79
#Name1M3M6M1Y2YTrend
1
-0.72
-0.27
-0.41
-0.22
2
-0.60
-0.88
-0.07
3
-0.65
-0.07
0.24
4
0.27
0.60
0.81
0.76
5
0.55
0.85
0.52
-0.38
-0.67

Frequently asked questions about Switch

Switch Inc is a leading technology infrastructure company that focuses on designing, building, and operating advanced data centers. Their business model revolves around providing highly reliable and scalable data center solutions to various enterprises, cloud providers, and government agencies. Switch Inc's state-of-the-art facilities offer redundant power and cooling systems, along with a secure and resilient environment for businesses to store and process their mission-critical data. With their innovative infrastructure solutions, Switch Inc enables organizations to optimize their IT operations, reduce costs, and improve performance.

All fundamentals and in-depth analysis of Switch

Our stock analysis for Switch stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Switch. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.